trust administration

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June 2022 Complex Trust Administration

June marked the end of a four year complex trust administration odyssey.  This administration could have been a television show, as it had every intrigue you can imagine - power struggles, illiquid assets, environmental claims, a defunct closely held business with unpaid claims, an injunction preventing the sale of real estate, property tax claims, third [...]

By |2022-07-21T12:14:07-07:00July 15th, 2022|Recent Projects, Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on June 2022 Complex Trust Administration

May 2022 Probate and Trust Administration

An increase in deaths in Arizona over the winter caused an increase in probate and trust administration.  DeAngelis Legal continued to provide assistance to family members with these administrations from the preparation of simple Affidavit of Small Estates and Informal Probates to more complex situations requiring Formal Probates and difficult trust administrations.  Each situation is [...]

By |2022-07-21T12:11:31-07:00June 15th, 2022|Recent Projects, Probate and Trust Administration|Comments Off on May 2022 Probate and Trust Administration

September 2021 Trust Termination

DeAngelis Legal assisted new client with the judicial termination of a Charitable Remainder Trust.  The trust was established many years earlier and was struggling to cover increased administrative costs and distributions to the income beneficiaries.  DeAngelis Legal worked with the income beneficiaries, the charitable remainder beneficiaries, their accountant and the corporate trustee to value the [...]

By |2022-07-21T12:07:50-07:00October 15th, 2021|Recent Projects, Probate and Trust Administration|Comments Off on September 2021 Trust Termination

June 2021 Probate and Trust Administration

The death toll resulting from COVID-19 continues to climb.  June was no exception, with several new probates opened and trusts administered.  A common theme among them was the failure to find the decedent’s original documents.  The probate process is one of the few remaining areas where an original will is still required.  This is because [...]

By |2021-07-31T06:56:10-07:00July 15th, 2021|Past Newsletters, Recent Projects, Probate and Trust Administration, Estate Planning, Protecting Family Wealth, Homepage|Comments Off on June 2021 Probate and Trust Administration

December 2020 Probate and Trust Adminstration

Assisted successor trustees with the administration of a trust after the death of both spouses.  What should have been a simple administration was complicated by poor planning, the surviving spouse’s failure to follow the terms of the trust and her failure to provide remainder beneficiaries with important information, such as where the original documents are [...]

By |2021-01-25T18:04:28-07:00January 15th, 2021|Past Newsletters, Recent Projects, Probate and Trust Administration, Homepage|Comments Off on December 2020 Probate and Trust Adminstration

November 2020 Probate and Trust Adminstration

Three years!  After three years, we completed the administration of a client’s deceased aunt’s estate and trust.  What should have been a relatively simple administration turned into a lengthy probate.  The administration was not contested but was complicated by the aunt’s lack of financial records, failure to title assets in the name of her trust, [...]

By |2020-12-04T16:50:18-07:00December 15th, 2020|Recent Projects, Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on November 2020 Probate and Trust Adminstration

July 2020 Trust Administration

July marked our first confirmed trust administration of a COVID-19 related death.  Several members of the family contracted the disease and unfortunately, the father died.  The Scottsdale couple were long time clients of the firm and the death surprised everyone.  DeAngelis legal prepared the initial trust package with the required documents, including the acceptance of [...]

By |2020-08-29T16:43:19-07:00August 15th, 2020|Recent Projects, Probate and Trust Administration, Estate Planning, Homepage|Comments Off on July 2020 Trust Administration

January 2020 Modified Terms of Irrevocable Trust

Another irrevocable trust bites the dust.  Surviving spouse failed to fund the bypass trust upon her husband’s death.  Trustee engaged DeAngelis Legal to negotiate and draft a non-judicial settlement agreement between the trustees and beneficiaries.  The agreement provided for a revised allocation of the assets upon the surviving spouse’s death and a release of claims [...]

By |2020-04-13T10:17:20-07:00February 15th, 2020|Recent Projects, Probate and Trust Administration|Comments Off on January 2020 Modified Terms of Irrevocable Trust

Planning for Trust Administration

Trust Administration Administrating a trust post-death should be as easy as your successor trustee accepting the responsibility for the trust, taking control of the assets, satisfying creditors and following the trust’s distribution provisions. Unfortunately, we are seeing longer administration times, most of which could have been greatly reduced with minimal upfront planning. Recent examples we [...]

By |2020-01-25T20:12:28-07:00January 25th, 2020|Past Newsletters, Probate and Trust Administration, Succession Planning, Protecting Family Wealth|Comments Off on Planning for Trust Administration

January 2019 Trust Administration

Represented beneficiary with respect to his interest in irrevocable trust. Beneficiary’s late spouse left her assets in trust for surviving spouse.  DeAngelis Legal analyzed trust terms, explained terms and alternatives to beneficiary and prepared the documents necessary to exercise beneficiary's rights to without amending or terminating the trust.

By |2019-03-15T19:06:55-07:00February 15th, 2019|Recent Projects, Probate and Trust Administration|Comments Off on January 2019 Trust Administration